Freedom from Taxes Act of 2026
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Overview
The Freedom from Taxes Act of 2026 aims to eliminate certain taxes related to the National Firearms Act. Specifically, it modifies the transfer tax and making tax associated with firearm transfers, as well as an excise tax. The bill also exempts firearm transfers from a specific tax section and introduces a time limit on the application of the new tax provisions. These changes will take effect after a 90-day period following the bill’s enactment.
Key provisions
- Eliminates the $200 transfer tax for National Firearms Act transfers.
- Eliminates the $200 making tax for National Firearms Act transfers.
- Exempts firearm transfers from a specific tax section.
- Establishes a time limit on the application of the new tax provisions.
Who is affected
- Individuals involved in the transfer of National Firearms.
- Gun Owners
- The Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF)
Notable changes
- Modifies existing tax codes related to National Firearms Act transfers.
- Introduces a time limit for the new tax provisions.
Bill text
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Sponsors
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10 on record
Primary sponsor
Cosponsors
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